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Mar 25, 2013
03/13
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the last effort to bail out and save its economy, but the solution that has bank depositors and investors everywhere now nervous. the largest banks are taking up to 40% of all bank deposits more than 100,000 euros or $129,000 or higher leaving smaller deposits untouched. optimism over the deal initially pushed the s&p 500 to within a point of its all time high of 1565 in early trading. stocks told off the cypress bailout is a template for the ways in which the eurozone will address future bank problems and bailouts. the dow jones industrial average fell 64 # points, s&p down five, and the nasdaq lost ten points. on the domestic front, president obama called upon congress to, quote, finish the job on immigration. speaking during a citizenship ceremony at the white house, president obama stressed the importance of getting something done. >> we have known for years that the immigration system is broken, not doing enough to harness the ingenuity of those who work hard to find a place here in america, and after avoiding the problem for years, the time has come to fix it once and for all. the t
the last effort to bail out and save its economy, but the solution that has bank depositors and investors everywhere now nervous. the largest banks are taking up to 40% of all bank deposits more than 100,000 euros or $129,000 or higher leaving smaller deposits untouched. optimism over the deal initially pushed the s&p 500 to within a point of its all time high of 1565 in early trading. stocks told off the cypress bailout is a template for the ways in which the eurozone will address future...
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Mar 18, 2013
03/13
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MSNBCW
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as we know, events in italy and spain which are giants in the european economy can affect the risk appetite globally and that is very tenuous at high levels. >> steve sedgwick, nice to see you, thank you. >>> less than a week into his tenure at the vatican, pope francis has defined himself as a pontiff to the people and something of a challenge to his security detail. the new pope broke protocol and made an impromptus appearance at the side gate of the vatican where he shook hands and kissed babies. pope francis then gave his first prayer to the virgin mary which focused on mercy and forgiveness and drew cheers by closing his remarks with the italian phrase for "have a good lunch." let us know why you're awake. shoot us an a e-mail or tweet me @thomasaroberts. we'll read the best responses later in the show. >> still ahead, brackets are set, march madness here. i want to break down the teams to watch and surprising names that didn't make the big dance. >>> controversy surrounding the series "the bible." the actor chosen to play the character satan is raising eyebrows. that and a check of we
as we know, events in italy and spain which are giants in the european economy can affect the risk appetite globally and that is very tenuous at high levels. >> steve sedgwick, nice to see you, thank you. >>> less than a week into his tenure at the vatican, pope francis has defined himself as a pontiff to the people and something of a challenge to his security detail. the new pope broke protocol and made an impromptus appearance at the side gate of the vatican where he shook...
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Mar 19, 2013
03/13
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the big policy shift or abe-onomics is giving aus view of the japanese economy. we think that the current stance and the shift at the boj with the new governor taking place later this week is clearly the best opportunity japan has had in the last 15 years to get rid of deflation and i think in that sense we are staying with the market momentum which is very constructive on japan. that is our biggest overweight. >> regional equities. >> we'll leave it there. valentin, appreciate your time today. >> i had mentioned as well the u.s. stocks. here is a look at futures. we saw it in cypriot banks, cypriot stocks reopen not happening. they will be staying closed until at least thursday. largely looking down on the dow by 14 points. the nasdaq and the s&p pointing higher when it did emerge that cypress wouldn't be voting and not approving the terms of the bailout last night. we're still waiting for the final confirmation on the timing of that vote. not so much market nervousness here. the ftse cnbc global 300 is down by 0.1%. as we look at major european markets, the fts
the big policy shift or abe-onomics is giving aus view of the japanese economy. we think that the current stance and the shift at the boj with the new governor taking place later this week is clearly the best opportunity japan has had in the last 15 years to get rid of deflation and i think in that sense we are staying with the market momentum which is very constructive on japan. that is our biggest overweight. >> regional equities. >> we'll leave it there. valentin, appreciate your...
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Mar 21, 2013
03/13
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economy is improving. good news for stock prices. some worry that earnings season may disappoint and trigger a sell-off. but i would expect that to be met with the buy on the dip mentality. we've already seen some earnings cracks. fed skpex oracle each reporting disappointments this week. those stocks took big hits as a result. does that indicate a weakness coming for transport? more will be revealed in the next two weeks with the earnings avalanche soon to kick in. but as investors wait for answers, they're asking the question, where is the growth in the world today? emerging markets fbl under pressure after outperforming for more than a decade. as money comes out of u.s. stocks, it will find a home in places like mexico, where stocks are starting to show real strength as well. many think reforms there will be bullish for investors. and smart money may keep heading south for returns in brazil or colombia. that is not to say the buy in the dip for the u.s. markets won't continue. i believe it will. but with a 10% gain in stocks so fa
economy is improving. good news for stock prices. some worry that earnings season may disappoint and trigger a sell-off. but i would expect that to be met with the buy on the dip mentality. we've already seen some earnings cracks. fed skpex oracle each reporting disappointments this week. those stocks took big hits as a result. does that indicate a weakness coming for transport? more will be revealed in the next two weeks with the earnings avalanche soon to kick in. but as investors wait for...
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Mar 22, 2013
03/13
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has a wide range of investment choices that can fit your personal economy. fidelity investments, turn here. >> "bbc world news" was captioning sponsored by macneil/lehrer productions >> woodruff: president obama told jordan's king abdullah he's worried that neighboring syria will become a haven for extremists and vowed to persuade congress to swnf jordan more money to shelter syrian refugees. good evening, i'm judy woodruff. >> brown: and i'm jeffrey brown. on the "newshour" tonight, margaret warner is in amman and updates us on the president's middle east trip, capped by a breakthrough between two key u.s. allies. >> woodruff: then, we turn to chicago, where city officials announced plans to close 54 schools, most in overwhelmingly black neighborhoods. >> now we've got to worry about our kids going to another location. worry about what's going to happen to them going to school. >> brown: hari sreenivasan continues our series on broadband technology with a look at a new digital divide over how high-speed access and mobile devices are being used. >> woodruff:
has a wide range of investment choices that can fit your personal economy. fidelity investments, turn here. >> "bbc world news" was captioning sponsored by macneil/lehrer productions >> woodruff: president obama told jordan's king abdullah he's worried that neighboring syria will become a haven for extremists and vowed to persuade congress to swnf jordan more money to shelter syrian refugees. good evening, i'm judy woodruff. >> brown: and i'm jeffrey brown. on the...
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Mar 25, 2013
03/13
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economy still rife with uncertainty. here to discuss guy dean of new york university school of business, peter henry. it is bittersweet. you take some of these countries, mexico, brazil, china, they were a mess. now, we have to learn from them. >> exactly. now, we find ourselves in a very similar situation. discipline does not mean fiscal austerity. you need to build trust. dennis: we can see that trust issue going on right now. they worry that what they did which was penalized the rest just invested the most and not penalize depositors, why don't we start with this one. i feel like in the u.s. we have to have austerity. >> fiscal austerity only works in environments of high inflation. we need to focus on the future. focus on austerity. dennis: the government is spending too much. this is not a good thing. >> you need to regain balance over time. right now, trying to get through immediately in the united states could really put a drag on growth here. with 7.7% unemployment, we need growth. dennis: it seems like all the f
economy still rife with uncertainty. here to discuss guy dean of new york university school of business, peter henry. it is bittersweet. you take some of these countries, mexico, brazil, china, they were a mess. now, we have to learn from them. >> exactly. now, we find ourselves in a very similar situation. discipline does not mean fiscal austerity. you need to build trust. dennis: we can see that trust issue going on right now. they worry that what they did which was penalized the rest...
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Mar 22, 2013
03/13
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the german economy seems to lose momentum. the ifo index dropped for the first time in a month. emma we stay in frankfurt for a closer look at the numbers. the dax fell just slightly, but bigger losses over the course of the week, finishing at 7911. that is how it went in the week in the euro stoxx 50. let's call it finishing flat. across the atlantic on wall street, the dow slightly higher, 14,496. the euro trading higher at a value of $1.2979. u.s. president barack obama has been in jordan this friday on the final leg of his middle east tour. talks with jordan's king focused primarily on the civil war in neighboring syria. >> obama said he was worried syria could become a haven for muslim extremists -- when, not if president assad is ousted. he urged the international community to work together to make sure there is a credible opposition ready to step into the breach. >> the final leg of barack obama's tour of the middle east will be dominated by one issue. with the conflict in syria on going, jordan is worried violence could spill across the border. >> just a few hours earlie
the german economy seems to lose momentum. the ifo index dropped for the first time in a month. emma we stay in frankfurt for a closer look at the numbers. the dax fell just slightly, but bigger losses over the course of the week, finishing at 7911. that is how it went in the week in the euro stoxx 50. let's call it finishing flat. across the atlantic on wall street, the dow slightly higher, 14,496. the euro trading higher at a value of $1.2979. u.s. president barack obama has been in jordan...
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Mar 18, 2013
03/13
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rowe price, we understand the connections of a complex, global economy. it's just one reason over 75% of our mutual funds beat their 10-year lipper average. t. rowe price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before investing. >>> welcome back to the program. european markets are start to go drift lower again. the ftse mib is down 2%. the dax in germany holding up better. the ftse 1100, too. fwank stocks mostly taking it on the chin, though. whether we're talking about spain where bbva is down 3.7%, banco santander down 3%. it looks as though declines in the banks are leading this next leg lower. here is a quick look at what's on this week's agenda as we turn our attention to the u.s. the national association of home builders releases its march index today. the pboc meeting starts tuesday with tons of data for thursday including manufacturing index for march, the philly fed survey and is leading economic indicators. with all that to run throu
rowe price, we understand the connections of a complex, global economy. it's just one reason over 75% of our mutual funds beat their 10-year lipper average. t. rowe price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before investing. >>> welcome back to the program. european markets are start to go drift lower again. the ftse mib is down 2%. the dax in germany holding up better....
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Mar 20, 2013
03/13
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deciding weather to increase or lower interest rates to stabilize the economy -- it is ideal for that, but it is inadequate as a measure of well- being. >> research backs of the old cliche that money cannot buy happiness. studies show that people from industrialized countries with annualized incomes above 60,000 euros are not necessarily have here. wealthier scandinavian countries to report happiness. in denmark, the satisfaction is attributed to its generous welfare state and low unemployment. according to the world happened is report, finns and norwegians are also content. germany ranks 30th and is in the top quarter of countries surveyed. african nations are among the least happy. a german parliamentary group is examining weather to include happiness in germany's gdp calculation, making it more of -- more than a summary of exports. >> many people are now working on it. >> the tiny himalayan kingdom of bhutan is already doing that. the right to happiness is even written into the constitution of the buddhist country. the government releases its gross national happiness index every ye
deciding weather to increase or lower interest rates to stabilize the economy -- it is ideal for that, but it is inadequate as a measure of well- being. >> research backs of the old cliche that money cannot buy happiness. studies show that people from industrialized countries with annualized incomes above 60,000 euros are not necessarily have here. wealthier scandinavian countries to report happiness. in denmark, the satisfaction is attributed to its generous welfare state and low...
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Mar 26, 2013
03/13
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FOXNEWSW
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more uncertainty in this global economy. >> neil: thank you, greg. you know something is going on in sign press just changed over the last 24 hours, new villain in town and it's the banks. so the government has successfully managed to keep the focus on the evil banks, even when you consider the fact that the banks are really doing things the government -- at the government's behest but might find a little odd that the head of cyprus bank had to resign, and the president of the country is looking at a formal criminal probe into bank activity ahead of this. how familiar and similar does that sound to what happened here? i don't know, right after the big meltdown. i'm not the only one having a case of deja vu. so is my friend jerry willis from the fox business network. jerry, i don't think banks are saying this but there are american few sinners here. >> the government bureaucrats have failed on every count. the blew the negotiations with the iu, thought they would get money out of russia, didn't work, and now they're micromanaging the banks. the money
more uncertainty in this global economy. >> neil: thank you, greg. you know something is going on in sign press just changed over the last 24 hours, new villain in town and it's the banks. so the government has successfully managed to keep the focus on the evil banks, even when you consider the fact that the banks are really doing things the government -- at the government's behest but might find a little odd that the head of cyprus bank had to resign, and the president of the country is...
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Mar 23, 2013
03/13
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LINKTV
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he also said that europe's banks are ready to support a cyprus in rebuilding its economy and that europe will do everything that it can to help protect the most vulnerable, but he also says we have unfortunately reached a situation where there are no longer any optimal solutions, so all that is left, he said, are hard choices. whatever happens, even if cyprus days in the eurozone, it will be a tough time for the cyprus people because cyprus and especially the government -- the way the government has been handling this crisis has been criticized by everybody. >> the time table right now is being driven by the deadline by the european central bank. walk us through the next several days. what is on the timetable? case will the cypriot go to the top level of brussels. the president of the european commission and european council have counseled important meetings that were scheduled for next week because they say their presence is required to discuss the case. that already is quite an important signal that everybody is taking the case very seriously, that europe wants to keep cyprus and the e
he also said that europe's banks are ready to support a cyprus in rebuilding its economy and that europe will do everything that it can to help protect the most vulnerable, but he also says we have unfortunately reached a situation where there are no longer any optimal solutions, so all that is left, he said, are hard choices. whatever happens, even if cyprus days in the eurozone, it will be a tough time for the cyprus people because cyprus and especially the government -- the way the...
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Mar 22, 2013
03/13
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KQED
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has a wide range of investment choices that can fit your personal economy. fidelity investments, turn here. >> "bbc world news" was >> "bbc world news" was presen hi, neighbor! we're going to pick vegetables from our school garden. and then miss elaina's coming over for dinner. i'm excited to be with you, and i'll be right back. is made possible in part by... the richard king mellon foundation. dedicated for over sixty years to south western pennsylvania's quality of life, and competitive future. and by these pittsburg foundations. working together to enhance and enrich the lives of children for more than seventy-five years. and by the arthur vining davis foundations. dedicated to strengthening america's future through education. adcasting, dedicated to strengthening america's future and contributions to your pbs station, from viewers like you. in the neighborhood ♪ and contributions to your pbs station, ♪ a beautiful day for a neighbor ♪ ♪ would you be mine? ♪ could you be mine? ♪ won't you be my neighbor? - ♪ it's daniel tiger's neighborhood
has a wide range of investment choices that can fit your personal economy. fidelity investments, turn here. >> "bbc world news" was >> "bbc world news" was presen hi, neighbor! we're going to pick vegetables from our school garden. and then miss elaina's coming over for dinner. i'm excited to be with you, and i'll be right back. is made possible in part by... the richard king mellon foundation. dedicated for over sixty years to south western pennsylvania's...
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Mar 26, 2013
03/13
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economy is pretty encouraging. and there is now a reasonable chance in the second half of the year that the fed might taper its purchases. which would mean instead of buying at $85 billion a month, maybe they buy at $50 billion a month. and to the extent that the economy is continuing to recover over the next year, i think there's a reasonable chance that during the first half of 2014, the fed might phase out its quantitative easing entirely. >> all right. nathan, stay there. more to come from you. meanwhile, let's bring you up to speed with where we are on global asset prices right now. european equities, pretty mixed at the moment. we were up around, what, 10% and a little bit more around this time yesterday. them we went down at the end of the session which brought toous markets down. losses between 0.4%, 0.3% on the dow. the ftse 100 absolutely flat. kingfisher coming up, they're impacting the numbers across europe. xetra dax up 13 points. we're down 0.3% for the ibex. the ftse mib is fairly flat at the moment.
economy is pretty encouraging. and there is now a reasonable chance in the second half of the year that the fed might taper its purchases. which would mean instead of buying at $85 billion a month, maybe they buy at $50 billion a month. and to the extent that the economy is continuing to recover over the next year, i think there's a reasonable chance that during the first half of 2014, the fed might phase out its quantitative easing entirely. >> all right. nathan, stay there. more to come...
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Mar 21, 2013
03/13
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KQED
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the cyprus economy, they said, is on the brink. the next move may prove its salvation or destruction. >> very nervous days. today, the jets' leader of the kurdish rebels has called a cease-fire following three decades of fighting that has left 40,000 people dead. many are waiting until it is implemented before they celebrate. we have this report from istanbul from james reynolds. >> and promised an historic announcement. more than 100,000 kurds gathered to hear the message. he may have spent the last 14 years behind bars, but the size of this crowd shows that he remains the undisputed leader of the kurdish people in turkey. during the new year's celebrations, his declaration was read aloud. >> with millions witnessing, i am announcing the beginning of a new era. a state has been reached where our armed forces can withdraw beyond the borders. >> these pictures show the old era that he has promised to give up. before his capture in 1999, he led pkk fighters in the field. now he has ordered them to give up their positions and turkey a
the cyprus economy, they said, is on the brink. the next move may prove its salvation or destruction. >> very nervous days. today, the jets' leader of the kurdish rebels has called a cease-fire following three decades of fighting that has left 40,000 people dead. many are waiting until it is implemented before they celebrate. we have this report from istanbul from james reynolds. >> and promised an historic announcement. more than 100,000 kurds gathered to hear the message. he may...
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Mar 25, 2013
03/13
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FBC
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rowe price, we understand the cnections of a complex, global economy. it's just one reason over 75% of our mutual funds beat their 10-year lipper average. twe price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully befe investing. with investment information, risks, fees and expenses a brand new start. your chance to rise and shine. with centurylink as your trusted technology partner, you can do just that. with our visionary cloud infrastructure, global broadband network and custom communications solutions, your business is more reliable - secure - agile.e. and with responsive, dedicated support, we help you shine every day of the week. ♪ [ male announcer ] how do you engineer a true automotive breakthrough? ♪ you give it bold styling, unsurpassed luxury and nearly 1,000 improvements. the redesigned 2013 glk. see ur authorid mercedes-benz dealer for exceptional offers through mercedes-benz financi services. gerri: ♪ gerri: breaking news. the cypr
rowe price, we understand the cnections of a complex, global economy. it's just one reason over 75% of our mutual funds beat their 10-year lipper average. twe price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully befe investing. with investment information, risks, fees and expenses a brand new start. your chance to rise and shine. with centurylink as your trusted technology partner, you can...
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Mar 25, 2013
03/13
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CNBC
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the economy will have to reinvent itself. the model centering on offshore accounts coming from russia, that is essentially broken. what is next for the economy? >> the offshore banking sector has been broken for the time being. the economy has always arrived on two sectors. tourism will continue, of course. it needs to revive some of the things it's doing. agriculture, light industry, but there isn't much land around to be doing that. so i think what the next business model will be that will employ all of these hundreds of accountants, lawyers, is again going to be business services. we still have a very good corporate cessation. we have very good agreement with other countries. but i'm afraid cyprus will have to forget banks in attracting big deposits on which they make good money. they have to think of other services that businesses are going to need and grow that economy. focus on shipping or trade, that kind of thing. >> economists coming out this morning and saying that this economy could be facing a decline in gdp of mo
the economy will have to reinvent itself. the model centering on offshore accounts coming from russia, that is essentially broken. what is next for the economy? >> the offshore banking sector has been broken for the time being. the economy has always arrived on two sectors. tourism will continue, of course. it needs to revive some of the things it's doing. agriculture, light industry, but there isn't much land around to be doing that. so i think what the next business model will be that...
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Mar 26, 2013
03/13
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KCSMMHZ
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east german government was desperate to earn hard currency to keep its command economy afloat. an attorney who represents claimants' of lost works of art knows his adversaries often prove less than cooperative. he has to fight tooth and nail for every picture and every piece of porcelain. >> the problem with the collectors dispossessed after 1949 is that entire livelihood's were wiped out. many victims were incarcerated for years and left ith nothing. for many, these works of art were their lives. people literally went over dead bodies to get their hands on these things. >> the collection has 18 months of breathing space. although in the museum world, that translates into a last- minute matter. if no agreement is reached, the duchess might set up her own museum. >> we have a few potential ideas for the future, but that would not mean me leaving forever. my family and i feel at home here. plus, i've done some new investing, so i will never say it is over for me and never coming back. >> if it turns out that museums will have nothing left to exhibit, the city will definitely be t
east german government was desperate to earn hard currency to keep its command economy afloat. an attorney who represents claimants' of lost works of art knows his adversaries often prove less than cooperative. he has to fight tooth and nail for every picture and every piece of porcelain. >> the problem with the collectors dispossessed after 1949 is that entire livelihood's were wiped out. many victims were incarcerated for years and left ith nothing. for many, these works of art were...
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60
Mar 26, 2013
03/13
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FBC
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economy, they will go where they need to go. if governor period texas can't attract business and is good for texas and good for period sounds like a short-term bribe. >> you could always wonder if what you did for samsung do for us. >> this creates a cycle that you could call this extortion if you try to seek a better deal to get concessions where you are. but mark my words sam stone -- samsung is thing they are it is a benefit to be in silicon valley a huge pipeline of future talent. neil: but that is the issue. people are leaving. >> not as huge but mark my words this is their attempt to make business bottom line a little bit friendlier for staying in they are extorting the city of san jose and others will follow suit. >> extortion? it is of serious point* but they probably don't have the money. that is what happens to the cities that do that -- to this especially in california, it hurts the city. they come back with services but to the point* that as a shareholder i want to do what is best for the country and in order of prof
economy, they will go where they need to go. if governor period texas can't attract business and is good for texas and good for period sounds like a short-term bribe. >> you could always wonder if what you did for samsung do for us. >> this creates a cycle that you could call this extortion if you try to seek a better deal to get concessions where you are. but mark my words sam stone -- samsung is thing they are it is a benefit to be in silicon valley a huge pipeline of future...
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Mar 26, 2013
03/13
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FBC
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good sign for the economy. some investors are betting that copper will outpace future gains for gold and silver. at least copper is used for something unlike gold unless you've got teeth, fake teeth. connell: i don't see that in the tell -- teleprompter but it's probably there. >> i'm going to go here. take a look at dupont. dow down 1%. big deal here is we'll look at dupont and mansanto. they've now settled an anti-trust and patent lawsuits and set a new deal. what they did is the deal that they made dismisses the $1 billion that was against dupont. look at mansanto here, up 3.2%. they're top seed rivals and they will drop lawsuits against each other in federal court. under the agreement now, dupont will make a series of royalty payments for these generic materials, including $802 million from 2014 to 2017 for some technology. they settled it among themselves and there you have it. big news in the seed world. back to you. connell: the seed world. all right. dagen: seed canisters like glen beck used to sell on
good sign for the economy. some investors are betting that copper will outpace future gains for gold and silver. at least copper is used for something unlike gold unless you've got teeth, fake teeth. connell: i don't see that in the tell -- teleprompter but it's probably there. >> i'm going to go here. take a look at dupont. dow down 1%. big deal here is we'll look at dupont and mansanto. they've now settled an anti-trust and patent lawsuits and set a new deal. what they did is the deal...
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635
Mar 20, 2013
03/13
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economy. that does have some effect on monetary policy. one of the most powerful tools we have is bringing down mortgage rates and stimulating home buying, construction, and related industries. so that is an issue we take into account. i would say one thing, which is that as the housing industry has strengthened and home prices have gone up, that has actually brought some people into the credit box, in the sense that the number of people, for example, who are underwater on their mortgages, is declining, as house prices go up. so as people have bigger down payments, bigger equity in their homes, they become more creditworthy. so to some extent, not -- i don't want to overstate it, but to some extent, monetary policy, by strengthening the housing market, helping support house prices, is bringing more people into the mortgage market. >> fox business. the stock market has been hitting all-time highs. it's recovered all of its losses from the financial crisis. i just want to know from you if i stil
economy. that does have some effect on monetary policy. one of the most powerful tools we have is bringing down mortgage rates and stimulating home buying, construction, and related industries. so that is an issue we take into account. i would say one thing, which is that as the housing industry has strengthened and home prices have gone up, that has actually brought some people into the credit box, in the sense that the number of people, for example, who are underwater on their mortgages, is...
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Mar 25, 2013
03/13
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LINKTV
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the economy is on the edge. how is this a win? >> it is a win in a technical stents -- a sense. they would not fund -- because of that overnight agreement, that bankruptcy has been averted. on the ground, in reality, there are people there who are desperate to get money out. there are concerns in brussels about future bailouts. it is only a win in that very narrow definition of not having suffered the first bankruptcy of a national bank in the european union. but beyond that, we wait and see. >> as you indicated, this is not just cyprus. it is much broader. they are concerned to save -- to say the least. what guarantees do they have at their money is safe in the eurozone? >> if you are a small savor in the bank, bureaucrats here will tell you that cyprus was one off. yes, we came close to breaking bank accounts, but it did not quite happen, so rest calm. people responding to that is that so far, every time there has been a a lot or crisis, it has been a one off. greece was a one off and it could not happen again in that form. spain, portugal, italy. what's a cyprus has done is r
the economy is on the edge. how is this a win? >> it is a win in a technical stents -- a sense. they would not fund -- because of that overnight agreement, that bankruptcy has been averted. on the ground, in reality, there are people there who are desperate to get money out. there are concerns in brussels about future bailouts. it is only a win in that very narrow definition of not having suffered the first bankruptcy of a national bank in the european union. but beyond that, we wait and...
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Mar 25, 2013
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the economy is on the edge. how is this a win? >> it is a win in a technical stents -- a sense. they would not fund -- because of that overnight agreement, that bankruptcy has been averted. on the ground, in reality, there are people there who are desperate to get money out. there are concerns in brussels about future bailouts. it is only a win in that very narrow definition of not having suffered the first bankruptcy of a national bank in the european union. but beyond that, we wait and see. >> as you indicated, this is not just cyprus. it is much broader. they are concerned to save -- to say the least. what guarantees do they have at their money is safe in the eurozone? >> if you are a small savor in the bank, bureaucrats here will tell you that cyprus was one off. yes, we came close to breaking bank accounts, but it did not quite happen, so rest calm. people responding to that is that so far, every time there has been a a lot or crisis, it has been a one off. greece was a one off and it could not happen again in that form. spain, portugal, italy. what's a cyprus has done is r
the economy is on the edge. how is this a win? >> it is a win in a technical stents -- a sense. they would not fund -- because of that overnight agreement, that bankruptcy has been averted. on the ground, in reality, there are people there who are desperate to get money out. there are concerns in brussels about future bailouts. it is only a win in that very narrow definition of not having suffered the first bankruptcy of a national bank in the european union. but beyond that, we wait and...
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Mar 25, 2013
03/13
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because we are in a global economy. and what was done to cyprus has been an absolute disaster because any time a country now fears that they might have a financial crisis, first thing people are going to do is start a run on the bank. they're not going to take any chances. and so the germans and the e.u. boesched this thing. the i.m.f., it was done i think for political reasons, the germans did not want to see bailing out russian olegarks in election year but the way they did it was horrible. what they should have done is guarantee at the beginning those 100,000 euro deforests, anything above that they'd get shares in the new bank. you might take a hair cut but normally when a bank goes under, the creditors get shares in a new bank. these guys are just wiped out with no hope of recovery. >> so, the concern here is not so much cyprus itself which after all is the third smallest economy in europe, it's a tiny little island of less than a million people, is it to you more the indication that european leaders still haven't
because we are in a global economy. and what was done to cyprus has been an absolute disaster because any time a country now fears that they might have a financial crisis, first thing people are going to do is start a run on the bank. they're not going to take any chances. and so the germans and the e.u. boesched this thing. the i.m.f., it was done i think for political reasons, the germans did not want to see bailing out russian olegarks in election year but the way they did it was horrible....
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Mar 26, 2013
03/13
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the economy in cyprus, is going to continueo drop. 10 to 20% is likely. this is a country thatas glowerrishing before -- fluorishing before i joined eurozone, but now cyprus is taking a hair cut forreece, and greece for cyprus, and the troika is coming in to help. you cannot just jump out at this time. yet there is no room for nail failure, they are not printing more money, they will severe draconian measured. severe austerity, one country at a time, in the meantime people are weeping, imagine everything you have known to b true, is not true any more. neil: if you think about it, ty. you are a big investor, and world renounce, a lot of folks in europe, their bank acount is everything, their savings are there their vestments are in glorifies pass book savings account, that is it. so a trust has been broken to say nothing of the trust in european club, to keep it going. i think when you let people down, when you scare them, when you break a trust of confidence it is really katie bar the door, isn't it? >> i don't think there is any question about that when
the economy in cyprus, is going to continueo drop. 10 to 20% is likely. this is a country thatas glowerrishing before -- fluorishing before i joined eurozone, but now cyprus is taking a hair cut forreece, and greece for cyprus, and the troika is coming in to help. you cannot just jump out at this time. yet there is no room for nail failure, they are not printing more money, they will severe draconian measured. severe austerity, one country at a time, in the meantime people are weeping, imagine...
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Mar 19, 2013
03/13
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it making no sense to me and the economy. neil: malia. >> i just quickly top say, i understand how we like to take things and combine themm but, i do not think that the only reason why keystone project is not happening is because, barack obama asked his agency this question, to get back to original topic, what i think is really important for us to look forward and you know neil, i don't think that anyone would disagree with you that jobs are important, the problem with laser beam focus you have a society and a lot of things that need to be focused on, laser beaming becomes narrowing, i don't think that is how we' our president or anyone in congress to just have like this one bullet silver bullet solution on what will save the u.s., that is not only thing that u.s. needs right now, we not only have a jobs problem. neil: i think it should be your highest priority. >> it is important for us to look -- >> okay, i understand. >> i don't know why we're again saving the world. neil: i'm not again saving the whales and birds, i'm i w
it making no sense to me and the economy. neil: malia. >> i just quickly top say, i understand how we like to take things and combine themm but, i do not think that the only reason why keystone project is not happening is because, barack obama asked his agency this question, to get back to original topic, what i think is really important for us to look forward and you know neil, i don't think that anyone would disagree with you that jobs are important, the problem with laser beam focus...
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Mar 25, 2013
03/13
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the group of emerging economies includes the host nation, brazil, india, russia and china. >>> xi jinping's nine-day diplomatic tour started off last friday in russia. before he arrived chinese media say government officials secured china's biggest arms deal with russia in a decade. the purchase is worth about $3 billion and is expected to include 24 fighters jets and four submarines. president xi and president vladimir putin agreed during their meeting to strengthen military exchanges and cooperation. china and russia are expected to announce further cooperation in developing military technology such as surface-to-air missile and aerial tankers. chinese defense ministry representatives say their military relationship with russia is not directed at any third country. but the weapons deal comes as china remains locked in a dispute with neighboring nations over territory in the east china sea and the south china sea. chinese leaders are expanding their military budget. the country's defense spending has surged nearly fourfold in the past decade. >>> populous, prosperous, pushing ahead. china'
the group of emerging economies includes the host nation, brazil, india, russia and china. >>> xi jinping's nine-day diplomatic tour started off last friday in russia. before he arrived chinese media say government officials secured china's biggest arms deal with russia in a decade. the purchase is worth about $3 billion and is expected to include 24 fighters jets and four submarines. president xi and president vladimir putin agreed during their meeting to strengthen military exchanges...
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Mar 26, 2013
03/13
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economy shows signs of vitality. here in japan the japanese government beginning steps to implement major changes after decades of inflation. concerns are coming from europe and affecting global markets. let's see how we're opening up here. the markets this time yesterday got a big boost. we did see the euro surge. the relief seems to be short lived as we're seeing in the opening levels. the rescue deal for cyprus could serve as a template for other european countries with strug e struggling banks. that comment really heightens some of the worries in global markets that the deal that was made may result in more problems down the road. now a bit of a negative reaction here in tokyo. we also might see which is a bit of a worry is a return to safer assets by investors including the yen. >> many investors watching the yen's movement. the japanese currency has been on a major weakening trend. where do we stand this tuesday morning? >> that's a big focus. you mentioned the moves by prime minister abe. let's look at some of
economy shows signs of vitality. here in japan the japanese government beginning steps to implement major changes after decades of inflation. concerns are coming from europe and affecting global markets. let's see how we're opening up here. the markets this time yesterday got a big boost. we did see the euro surge. the relief seems to be short lived as we're seeing in the opening levels. the rescue deal for cyprus could serve as a template for other european countries with strug e struggling...
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Mar 18, 2013
03/13
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spread to italy and spain and most global banks have a lot of exposure to those two countries and their economies are much bigger and more important. david: what about hsbc or barclays? both have a lot of branches in cyprus. >> well, barclays has a lot of exposure to spain which is something i would be worried about. david: okay. >> and hsbc has a global bank has exposure to just about everything. only sew societe generale has exposure to cyprus and national bank of greece. it is basically government-owned anyway now. david: what i don't understand, maybe you can explain it to me, erin, why is it, these are international banks. i can understand cypriot banks. that is different situation. some of those might be bought out by the russians anyway. if i have an international bank and an international account in an international bank in cyprus or spain, in international currencies, euros, why can't i move my operation to another country that is not at risk? >> will, i think is exactly what they're worried about. that is why there's a bank holiday cyprus. the banks are expected to reopen on thursday an
spread to italy and spain and most global banks have a lot of exposure to those two countries and their economies are much bigger and more important. david: what about hsbc or barclays? both have a lot of branches in cyprus. >> well, barclays has a lot of exposure to spain which is something i would be worried about. david: okay. >> and hsbc has a global bank has exposure to just about everything. only sew societe generale has exposure to cyprus and national bank of greece. it is...
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Mar 26, 2013
03/13
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economy. the euro/dollar is currently on the rise. >> as the economic crisis in cyprus deepens, china and russia have announced the creation of an alternative banking system that will provide a counterbalance to the imf and world bank. the leaders of those countries along with those from brazil, india, and south africa are meeting for a summit to hammer out a joint strategy to harvest -- contest their growing economic power. it is likely to focus on infrastructure financing, a direct challenge to seven decades of dominance by the world bank. >> with this summit, the brits are hoping to kickstart development that will bring financial independence. the quintet say they are keen to form a counterbalance to the established powers of the world bank and international monetary fund. the group is considering a joint reserve pool worth 93 billion euros, designed to help emerging economies having payment difficulties, and the development bank with a budget of nearly 40 billion euros, designed to improve
economy. the euro/dollar is currently on the rise. >> as the economic crisis in cyprus deepens, china and russia have announced the creation of an alternative banking system that will provide a counterbalance to the imf and world bank. the leaders of those countries along with those from brazil, india, and south africa are meeting for a summit to hammer out a joint strategy to harvest -- contest their growing economic power. it is likely to focus on infrastructure financing, a direct...
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Mar 26, 2013
03/13
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LINKTV
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economy. the euro/dollar is currently on the rise. >> as the economic crisis in cyprus deepens, china and russia have announced the creation of an alternative banking system that will provide a counterbalance to the imf and world bank. the leaders of those countries along with those from brazil, india, and south africa are meeting for a summit to hammer out a joint strategy to harvest -- contest their growing economic power. it is likely to focus on infrastructure financing, a direct challenge to seven decades of dominance by the world bank. >> with this summit, the brits are hoping to kickstart development that will bring financial independence. the quintet say they are keen to form a counterbalance to the established powers of the world bank and international monetary fund. the group is considering a joint reserve pool worth 93 billion euros, designed to help emerging economies having payment difficulties, and the development bank with a budget of nearly 40 billion euros, designed to improve
economy. the euro/dollar is currently on the rise. >> as the economic crisis in cyprus deepens, china and russia have announced the creation of an alternative banking system that will provide a counterbalance to the imf and world bank. the leaders of those countries along with those from brazil, india, and south africa are meeting for a summit to hammer out a joint strategy to harvest -- contest their growing economic power. it is likely to focus on infrastructure financing, a direct...
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Mar 25, 2013
03/13
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eats leaving it with almost no viable economy, certainly not to support the size of the economy it will grown to support. the trouble for cyprus being that they're going to have to take that pain and now the years ahead are going to be extremely difficult. we don't even know when banks are going to reopen. last night after those long negotiations when the cyprus manager left, julia stopped and asked him when people are going to be able to get their hands on their money. here is what he had to say. >> bearing that in mind, are the banks going to open on tuesday morning? >> i cannot say that. i cannot say that. it's always a mistake to say something like this when you are not completely sure. there is a lot 06 work to be done, but they will open very soon. >> and how long do you intend to use the capital controls for? >> that also i cannot answer. but, again, our objective to keep them as limited and is as short as possible. >> even so, guys, the question isn't so much a failure of cypr cyprus, it's the future of the european union and the eurozone in particular. and leaders last night fe
eats leaving it with almost no viable economy, certainly not to support the size of the economy it will grown to support. the trouble for cyprus being that they're going to have to take that pain and now the years ahead are going to be extremely difficult. we don't even know when banks are going to reopen. last night after those long negotiations when the cyprus manager left, julia stopped and asked him when people are going to be able to get their hands on their money. here is what he had to...
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Mar 20, 2013
03/13
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economy. the u.s. economy's crucial. in order for the world to grow. euro has to go so the economy has to continue in this trajectory of stable solid growth and bring down the rate of unemployment. >> rose: do you expect, has the president engage in a different kind of shall we say diplomacy with congress we'll more likely kind a bargain between the republicans and democrats on taxes and spending. >> that's always going to go down to the wire. i wouldn't expect anything before. the question there is whether the negotiates going down to the wire will spook the markets or not. the markets have been remarkably sillient. we went through a sequester deadline. the dow hits an all time high during this. >> rose: why was that? >> because i think the fed trumps everything. money cures all. >> it's all about the fed. i'm a skeptic on the grand bargain. i don't think there's a passing game here. there's going to be a ground game and it's going to be, we're going to go yard by yard and we may get little species of this but the idea everyone's going to come togethe
economy. the u.s. economy's crucial. in order for the world to grow. euro has to go so the economy has to continue in this trajectory of stable solid growth and bring down the rate of unemployment. >> rose: do you expect, has the president engage in a different kind of shall we say diplomacy with congress we'll more likely kind a bargain between the republicans and democrats on taxes and spending. >> that's always going to go down to the wire. i wouldn't expect anything before. the...
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Mar 26, 2013
03/13
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rowe price, we understand the connections of a complex, global economy. it's just one reason over 75% of our mutual funds beat their 10-year lipper average. twe price. invest with confidence. request a prospectus summary prospectus with investment information, risks, fees and expenses to read and consider carefully before investing. >> announcer: you never know when, but thieves can steal your identity and turn your life upside down. >> hi. >> hi. you know, i can save you 15% today if you open up a charge card account with us. >> you just read my mind. >> announcer: just one little piece of information and they can open bogus accounts, stealing your credit, your money and ruining your reputation. that's why you need lifelock to relentlessly protect what matters most... [beeping...] helping stop crooks before your identity is attacked. and now you can have the most comprehensive identity theft protection available today... lifelock ultimate. so for protection you just can't get anywhere else, get lifelock ultimate. >> i didn't know howerious identity theft
rowe price, we understand the connections of a complex, global economy. it's just one reason over 75% of our mutual funds beat their 10-year lipper average. twe price. invest with confidence. request a prospectus summary prospectus with investment information, risks, fees and expenses to read and consider carefully before investing. >> announcer: you never know when, but thieves can steal your identity and turn your life upside down. >> hi. >> hi. you know, i can save you 15%...
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Mar 18, 2013
03/13
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economy. i think it's in very good shape here. i just think when you look at markets they are complacent. this was a quad witching last friday. i think people are going to still see a hangover this week. >> let's take a look at our top trades of the week. steven p. grasso, we'll start off with you. >> i didn't trade today. but i was -- >> what? >> i didn't. because i would have got sucked into selling stocks today. so what i did was i'm watching people buy -- rotate out of a google into apple. i'm long apple but i'm also long google. i would have got sucked into selling it. >> when does the rotation happen for you? >> it's not going to happen for me. i would have bought more google but i felt as if i didn't have enough clarity right now. i want to see how the week plays out. >> pilot? >> i look at the energy space and for weeks for months we've been talking about just about every subsector, sector in energy. whether it's refiners. today was integrateds. conoco phillips is one of those names. c.o.p. this is not psx. conoco phillips
economy. i think it's in very good shape here. i just think when you look at markets they are complacent. this was a quad witching last friday. i think people are going to still see a hangover this week. >> let's take a look at our top trades of the week. steven p. grasso, we'll start off with you. >> i didn't trade today. but i was -- >> what? >> i didn't. because i would have got sucked into selling stocks today. so what i did was i'm watching people buy -- rotate out...
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60
Mar 26, 2013
03/13
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FBC
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there has been a big fat bridges between the real economy, one side which has been tepid at best verses the stock market rally that has brought the stock to historic highs. and then y throw on top of that all of these those strikes that we see in the market from cypress of north korea to ron which does not help investor confidence. gerri: cypress not helping the situation atll. we thought this originally would be a boon for the market. stocks turned around. the dow ended up down. what is your analysis alternately what this will do to stocks? >> well, i think we are short-term overbought in the stock markets. people have been begging for reason for the market to go down some people are just searching for anything to get it to go down, but i do not think that that will happen. people are buying guns because they're under invested. what we're seeing is every time the market drops, people rush in because they need to buy. mutual funds and other investors are under investigation into the end of the court, so they will use these opportunities and all the way through the quarter. but to go bac
there has been a big fat bridges between the real economy, one side which has been tepid at best verses the stock market rally that has brought the stock to historic highs. and then y throw on top of that all of these those strikes that we see in the market from cypress of north korea to ron which does not help investor confidence. gerri: cypress not helping the situation atll. we thought this originally would be a boon for the market. stocks turned around. the dow ended up down. what is your...
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Mar 22, 2013
03/13
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FBC
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economy, industrial base, financial sector, energy sector, and health care. once you remake those parts of the economy into a socialist model, it's very tough to unravel. very tough to unwrap the tentacles of redistribution is him. then i start to do it with the medical device repeal the we just saw yesterday. they might start to pick at a little bit. and telling you, this is so big and so comprehensive and so deeply ingrained in our economy, it's going to be difficult to one vote -- on wind. we need strong leader second elected. stuart: bottom line, it's very difficult to take back what you have given the lesson from england, know a lot about this, politicize medical coverage, politicize the medical system so that if someone is not given the treatment that think they're going to get the appeal directly to the politicians who then have to respond on the treatment of this individual. i remember tony blair in question in a general election campaign by one single woman who was not getting the treatment that she wanted. it made headlines. all election became abou
economy, industrial base, financial sector, energy sector, and health care. once you remake those parts of the economy into a socialist model, it's very tough to unravel. very tough to unwrap the tentacles of redistribution is him. then i start to do it with the medical device repeal the we just saw yesterday. they might start to pick at a little bit. and telling you, this is so big and so comprehensive and so deeply ingrained in our economy, it's going to be difficult to one vote -- on wind....
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Mar 18, 2013
03/13
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rowe price, we understand the connections of a complex, global economy. 's just one reason over 75% of our mutual funds beat their 10-year lipper average. t. rowe price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before investing. gerri: if you are looking for a free checking account these days, chances are, you are probably not going to find it at your local bank, percentage of offering free, no strings attached has dropped, down 26%, will the trend continue, should you consider a credit union instead. mcbride is joining me now with details, you have a lot of great numbers here. so you do the mag, it looks like credit unions offer the better deal. >> they used to run neck-and-neck, but banks, and the availability of free chec checking has dropped. and credit union its has dropped just a hair, more than 70% of largest credit unions still offer a stand alone free checking. gerri: you can get around the bank fees if you have a big enough balance. >>
rowe price, we understand the connections of a complex, global economy. 's just one reason over 75% of our mutual funds beat their 10-year lipper average. t. rowe price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before investing. gerri: if you are looking for a free checking account these days, chances are, you are probably not going to find it at your local bank, percentage of offering...
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Mar 20, 2013
03/13
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FOXNEWSW
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officials are trying to find a new way to keep their own economy afloat after the parliament rejected a bailout that would have taxed its own citizens' bank accounts. the banks are closed the rest of the week. >>> where are we with this situation? >> in a standstill when it comes to cyprus. the parliament is betting the european union and central bank will not cut them off for -- not going through with the plan to tax deposits. they have almost a week to negotiate. next tuesday is when the banks open up. in the back channels with russia on financial support, so it seems they're hoping they can find a stopgap. >> shepard: what i didn't understand was the real problem with this situation in spy russ is the russians, who have been laundering money, have stashed so much money in the banks, the banks are bigger than the economy in the country. so they could have taxed it at 13%. they have, like our federal deposit insurance company, they have guarantees up to 100,000 euros. why not tax problem kids and not every day folks. >> it could come to that. the vote that failed was above 20,000 eur
officials are trying to find a new way to keep their own economy afloat after the parliament rejected a bailout that would have taxed its own citizens' bank accounts. the banks are closed the rest of the week. >>> where are we with this situation? >> in a standstill when it comes to cyprus. the parliament is betting the european union and central bank will not cut them off for -- not going through with the plan to tax deposits. they have almost a week to negotiate. next tuesday...
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Mar 26, 2013
03/13
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and joining us next on the economy is scott rasmussen. and i want to look at the polls you've taken. the first one 28% say now is a good time to sell your house. could that be they're being smarter? are people feeling better about it? >> first of all, there are some neighborhoods in some areas of the country where it's a better time to sell than others, but these numbers much more optimistic than they've been in a long time. up 6 points from a month ago and 30% expect the home to go up in the next year. let me show you the best sign. only 2% of home owners are very likely to miss a mortgage payment in the coming six months. down from 6% in 2010, so the defaults are headed down. charles: obviously, a lot of people have already been wiped out, too. >> yes. charles: the second poll and sort of dove-tails from what you're saying, and some say the youth economy is getting better and is that an improving number? >> sure, only 39% say it's getting worse. a couple of years ago, that number was above 70%, so, we're in this world where the economy
and joining us next on the economy is scott rasmussen. and i want to look at the polls you've taken. the first one 28% say now is a good time to sell your house. could that be they're being smarter? are people feeling better about it? >> first of all, there are some neighborhoods in some areas of the country where it's a better time to sell than others, but these numbers much more optimistic than they've been in a long time. up 6 points from a month ago and 30% expect the home to go up in...
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Mar 22, 2013
03/13
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banking system, to be as large relative to our economy as the cyprus banking system is to their economy, we would need 45 more jpmorgans in order to have that sizes of the economy. there's somewhere else comparable. the only place they could go was deposits. the big mistake was going after uninsurance -- i mean insured deposits. >> i think i told that from you. that is a good point, but i think i stole it from you. >> the serendipitous part of this for me is that all the countries that are in trouble are like in southern europe for you. you're not in finland, you're not if poland. all the trouble is -- >> beautiful places, joe. >> that's good. that's really good. and then when i said -- >> i do frequently say to myself thank goodness this isn't happening in azurbashaun. >> you have to get there. you're doing it for us and we really appreciate it. >> wait, wait. if this country does leave the euro, we want to see that. we want to document that. >> no, i was just saying because it's not affecting our markets doesn't mean that you shouldn't be there. and we're glad that you are there. >> r
banking system, to be as large relative to our economy as the cyprus banking system is to their economy, we would need 45 more jpmorgans in order to have that sizes of the economy. there's somewhere else comparable. the only place they could go was deposits. the big mistake was going after uninsurance -- i mean insured deposits. >> i think i told that from you. that is a good point, but i think i stole it from you. >> the serendipitous part of this for me is that all the countries...
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Mar 21, 2013
03/13
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economy's improving. but we still have fundamental issues in the structure of our economy, imbalances. we are not out of the woods yet. we're not in self-sustaining recovery. we need to start to see that to become increasingly more bullish on the financial markets. >> that was really good. you're a good double act. we should have you on more. thank you both. brian and chad. have great days. >>> seven years ago today twitter co-founder jack dorsey sent the first tweet writing just setting up my twitter. since then the media giant has become a staple for millions. it has transformed the way people communicate so what could twitter do in the next seven years? tweet us @squawkstreet. >>> the market is accelerating downward, now down 67 points. let's get a "market flash" from josh back at hq. >> juniper networks is under pressure this morning. analysts at fbr not fans saying we are the end of an era as routers and switches are set to decline. fbr downgrades juniper and cisco toeon perform. the company's fbr sa
economy's improving. but we still have fundamental issues in the structure of our economy, imbalances. we are not out of the woods yet. we're not in self-sustaining recovery. we need to start to see that to become increasingly more bullish on the financial markets. >> that was really good. you're a good double act. we should have you on more. thank you both. brian and chad. have great days. >>> seven years ago today twitter co-founder jack dorsey sent the first tweet writing just...
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Mar 21, 2013
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economy. caterpillar, oracle, not just u.s. economy, but the global economy. europe is very, very weak. was going to happen in emerging markets, china, i think is questionable. so i just think there's a lot of question marks out there and the market is not pricing that in right now. >> no. that's a really good point. scott, i guess the federal reserve sees a lot of those question marks, too. they made the point that they don't want to get into a situation where they pullback too quickly because they don't want to see something that's unsustainable gains in the labor market. i guess that's the good news if anybody is waiting for anything is that the fed is still standing by. >> i think what the fed had to say is essentially bullish for everything in the world except for change. because they don't seem like they want to make any changes except for the news that mr. bernanke has now had a conversation with the president about his tenure. and it seems more likely than ever that his term will come to an end in january. unfortunately, it's going no be just about the
economy. caterpillar, oracle, not just u.s. economy, but the global economy. europe is very, very weak. was going to happen in emerging markets, china, i think is questionable. so i just think there's a lot of question marks out there and the market is not pricing that in right now. >> no. that's a really good point. scott, i guess the federal reserve sees a lot of those question marks, too. they made the point that they don't want to get into a situation where they pullback too quickly...
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Mar 21, 2013
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and there's knockoff effects on the economy. so the key for trying to get a handle on this issue, learn from the mistakes as eastern europe and the united states over the last hundred years or so and begin to put a serious curb on these types of emissions because it's having a major impact on the harmony of china. >> so it's one thing to impact the health of the chinese people, but how might china pollution problems really affect the rest of the world? >> well, of course, fredricka, china has been a really important economic driver here in the global economic scale especially over the last few years of the economic slump in the west. and when you look at this unrest and the riots that are happening, when you look at the impact on health care and the cost to the chinese government, there's a very real impact on the economy of china as a whole. and that certainly impacts the rest of us as the world. from an environmental perspective too smog and particlats that originate in china can be found on the beaches of the bahama and the a
and there's knockoff effects on the economy. so the key for trying to get a handle on this issue, learn from the mistakes as eastern europe and the united states over the last hundred years or so and begin to put a serious curb on these types of emissions because it's having a major impact on the harmony of china. >> so it's one thing to impact the health of the chinese people, but how might china pollution problems really affect the rest of the world? >> well, of course, fredricka,...